Sarc, a p/e only is based on last years earnings (or in this case 1 year future earnings)... You need to be looking out 10 years at least to get a rough view, this is why the SP jumps around a lot. If people thoughts Lynas would make $4m forever per year you are probably correct. This however is not the current valuation the market places on future earnings. IMO that's just crap.
my 2 cents worth?, page-8
Add LYC (ASX) to my watchlist
 (20min delay)
|
|||||
|
Last
$8.09 |
Change
0.070(0.87%) |
Mkt cap ! $7.561B | |||
| Open | High | Low | Value | Volume |
| $8.15 | $8.27 | $8.08 | $35.31M | 4.353M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 2 | 7192 | $8.08 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $8.10 | 4833 | 2 |
View Market Depth
| Last trade - 16.10pm 08/11/2024 (20 minute delay) ? |
| LYC (ASX) Chart |